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Mar 25, 2013
03/13
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city based salaries and benefits and borrowing on anticipated developer fees and increasing property tax revenue but that vanished when the mortgage bubble burst and slashed tens in millions in services and programs but drew the line at cutting pensions or retiree benefits. >> mike is off but lisa is here with the forecast. >> it has been cloudy and cool this morning. we are seeing some sunshine in parts of the bay but still looking mild out there. don't want to give it all away we have the last week of march, easter week, and that is all straight ahead. >> plus, a new warning from medical experts, what many new mothers are doing too soon. >> the mystery deepens over who won one of the biggest power >> cupertino, wine country and all the bay area this is abc7 news. >> study suggests many mothers give their baby solid food way too soon. the centers for disease control conducted a national survey of more than 1,300 mothers and 40 percent gave their babies solid food before they were four months old and 9 percent as early as four weeks. doctors recommend waiting until at least six months wh
city based salaries and benefits and borrowing on anticipated developer fees and increasing property tax revenue but that vanished when the mortgage bubble burst and slashed tens in millions in services and programs but drew the line at cutting pensions or retiree benefits. >> mike is off but lisa is here with the forecast. >> it has been cloudy and cool this morning. we are seeing some sunshine in parts of the bay but still looking mild out there. don't want to give it all away we...
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Mar 20, 2013
03/13
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KOFY
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santa clara must waive the hotel tax on the 350 rooms they will occupy. it will waive the surcharge that goes to debt service on the new stadium and waive a 35 cent per ticket fee that funds programs along with a parking fee that recoups the city's cost for services. santa clara says it will get reimbursed for public safety excesses by the host committee. >> it was our intention to make sure that we walk away putting on a great show, doing a lot of work and making sure we come out whole in this process and being reimbursed for our efforts to make it a successful event. >> reporter: giving a hotel tax break isn't as bad. 350 looms are involved. at the rate is 14.25 translates into $5,000 loss per night, revenue that normally goes into the general fund. general manager at hilton santa clara says superbowl spending will more than off set that loss. >> the value and exposure we're going to get here and what is spent here in the time frame will more than make up for anything that is lost. >> reporter: he is planning a 140 room in addition to the hold with room
santa clara must waive the hotel tax on the 350 rooms they will occupy. it will waive the surcharge that goes to debt service on the new stadium and waive a 35 cent per ticket fee that funds programs along with a parking fee that recoups the city's cost for services. santa clara says it will get reimbursed for public safety excesses by the host committee. >> it was our intention to make sure that we walk away putting on a great show, doing a lot of work and making sure we come out whole...
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Mar 21, 2013
03/13
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a superior court judge ruled the nfl team is entitled to $30 million in tax money from the city of santa clara. officials prom mitts missed the money as part of the new stadium deal. there you see it under construction. but the money became a free for all when governor brown banned redevelopment agencies. santa clara schools wanted it and so did the governor to balance the state budget. the judge ruled the deal was done before redevelopment agencies disappeared giving the $30 million to the 49ers. >>> and when the niners and the raiders and every other pro team take the field the game will be played differently. the nfl today made a major change. abc 7 news reporter wayne freedman tonight explains this new rule. >> reporter: this is the stuff we love about nfl football. first the buildup and then the hitting. it is as american as apple pie. but for those on the wrong place at the wrong time also a flirtation with concussions and paralysis. today the nfl made it more difficult to lay out a.b. opponent on either side of the ball but making it illegal for offensive players to lead with the
a superior court judge ruled the nfl team is entitled to $30 million in tax money from the city of santa clara. officials prom mitts missed the money as part of the new stadium deal. there you see it under construction. but the money became a free for all when governor brown banned redevelopment agencies. santa clara schools wanted it and so did the governor to balance the state budget. the judge ruled the deal was done before redevelopment agencies disappeared giving the $30 million to the...
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there have been terms proposed about anybody with less than twenty thousand euros in the bank being tax free without any any outcome from this decision the government is toying with the idea of finding the five point eight billion replied euros from other sources and government bonds could be involved also possibly bank pension funds the e.u. has said that cyprus is free to some extent to find the five point eight billion euros where it chooses there has been a lot of anger and have been people saying that they want to remove that cash from cyprus as soon as they can but really a feeling of expectancy here. back to the crisis in cypress now with the palm in their sets of the it on the bank deposit tax at about four o'clock g.m.t. today belgium m.e.p. data k u n f painter says that given european taxpayers are wary there's there's little alternative but to pass the tax cause the quizes ingres is mainly to blame for what's happening in cyprus now because the goodison separate banks have been exposed to greece. the european union is already trying to say agrees brees already has three bill
there have been terms proposed about anybody with less than twenty thousand euros in the bank being tax free without any any outcome from this decision the government is toying with the idea of finding the five point eight billion replied euros from other sources and government bonds could be involved also possibly bank pension funds the e.u. has said that cyprus is free to some extent to find the five point eight billion euros where it chooses there has been a lot of anger and have been people...
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dedicated young says that there may be no alternative to pass in the tax because the quizes ingres is mainly to blame for what's happening in cyprus now because the goodison cypriot banks have been exposed to two greece bert's of the european union is already trying to say agrees the ready has had three bailout operations and is still in the middle of it so there's not much greece can do anymore and the only thing we can do is to try to save cyprus which is already the fifth bailout operation and of course there is also a limit to the patients our taxpayers in germany the netherlands and finland because finally these are the people who have to guarantee their loans to cyprus and their patients now is limited so i think it was. it was good to have a contribution of the savers in cyprus itself because in other countries we have a different sort of problems but remember in spain savers already have contributed those people who had an interest in the spanish bank bankia lost money some people in other banks have lost money and generally european savers are losing money because we have a p
dedicated young says that there may be no alternative to pass in the tax because the quizes ingres is mainly to blame for what's happening in cyprus now because the goodison cypriot banks have been exposed to two greece bert's of the european union is already trying to say agrees the ready has had three bailout operations and is still in the middle of it so there's not much greece can do anymore and the only thing we can do is to try to save cyprus which is already the fifth bailout operation...
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Mar 19, 2013
03/13
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. >> the ireland central bank says even if politicians agree to a tax, it is not agreeing to international bailouts. people rushed to take out their money over the weekend. the european union and the international monetary fund. >> the feeling is that the house is going to reject the bill. >> why is that? because they fear cyprus, a clash. >> how will you treat this information? what will you do with it? >> we have our own plans. >> in japan, a power cut is hitting systems that keep nuclear fuel cool at the fukushima our station. the earthquake and the tsunami to show years ago -- two years ago destroyed the part of the station. the operator assists there is no danger. >> we believe there is plenty of time before the temperatures in the polls exceed what we believe is a danger level of 65 degrees. before that happens, we will do our best to restore power. globalfootage shot by witness seems to be showing activity leading to corrupt land deals. >> this is the malaysian state, fast and a rich and resources, home to many indigenous groups. but it's future hangs in the balance, under threat fr
. >> the ireland central bank says even if politicians agree to a tax, it is not agreeing to international bailouts. people rushed to take out their money over the weekend. the european union and the international monetary fund. >> the feeling is that the house is going to reject the bill. >> why is that? because they fear cyprus, a clash. >> how will you treat this information? what will you do with it? >> we have our own plans. >> in japan, a power cut is...
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Mar 20, 2013
03/13
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the president of cyprus is holding an emergency meeting after mp's rejected a tax on people's savings. organization is investigating reports that chemical warfare in northern syria -- of that chemical warfare and northern syria. both sides are accusing the other of launching a chemical attack. but some observers say it is all just propaganda. tv show casualties from a rocket attack filling the emergency room at the aleppo university hospital. >> powder came out of the rocket. any of those who came to inhale the powder had fallen to the ground. >> we believe it was phosphoresce and toxic materials. it symptoms of vomiting and cases of suffocation. >> the government says the initial -- the missile was launched by opposition forces and called the strike an act of genocide. >> the price for this weapon re, those who brought these weapons and to syria, they should bear the legal and avarice bonds ability and must be punished. >> to the opposition groups blame the government forces for the strikes. >> we do not have any unconventional or chemical weapons. and we do not have any rockets or a
the president of cyprus is holding an emergency meeting after mp's rejected a tax on people's savings. organization is investigating reports that chemical warfare in northern syria -- of that chemical warfare and northern syria. both sides are accusing the other of launching a chemical attack. but some observers say it is all just propaganda. tv show casualties from a rocket attack filling the emergency room at the aleppo university hospital. >> powder came out of the rocket. any of those...
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Mar 24, 2013
03/13
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the tax code, i'm for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance. i think there is a way to write it where it would be neutral and you wouldn't bring marriage into the whole idea of health insurance. >> will any of that happen. ? joining me, the anchor of "fox news sunday," chris wallace. good to see you. senator paul has taken this spogs. does very the support behind him? >> well, it's going to be interesting because this is directly involves the case on the defense of marriage october that the supreme court is going to hear this week. that case involves a gay couple, same-sex couple, one of the two women died. the other one had had been legally married in the state and she said, therefore, she should get the rights that any spouse gets that the first, at this point $5 million in inheritance is tax free. but doma says same-sex marriage is not recognize at the federal law. she didn't get that federal tax break. that's what doma is all about, as i read what senator paul is saying, he says he would agree with the plaintiff in this ca
the tax code, i'm for a flat income tax and we wouldn't have marriage as part of the tax code. health insurance. i think there is a way to write it where it would be neutral and you wouldn't bring marriage into the whole idea of health insurance. >> will any of that happen. ? joining me, the anchor of "fox news sunday," chris wallace. good to see you. senator paul has taken this spogs. does very the support behind him? >> well, it's going to be interesting because this is...
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fifty years old he's a syrian born naturalized american has been living in taxes for decades he used to be executive and came to prominence working with a humanitarian agency during the war and of course expectations are very high that were very high that i mean these nomination to help stop the bloodshed in the country but what about the arab league meeting what do we what are we expecting from as i was tired unfortunately expectations were very high but unfortunately we can't expect to march of progress here though john kerry and russian foreign minister lavrov found common ground on the geneva declaration recent and kerry's response to have a personal relationship with our side it seems that fighting is continuing the ground violence and is intensifying as well as claims and size i mean ready to talk actually are continuing to blame each other and are still warring sides. most of which pretty sure. clarke has written extensively about syria told us it's no accident. spent a large part of his life in the u.s. before being voted in those opposition prime minister let's take a listen
fifty years old he's a syrian born naturalized american has been living in taxes for decades he used to be executive and came to prominence working with a humanitarian agency during the war and of course expectations are very high that were very high that i mean these nomination to help stop the bloodshed in the country but what about the arab league meeting what do we what are we expecting from as i was tired unfortunately expectations were very high but unfortunately we can't expect to march...
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euros in the country's two largest banks will be raided they're looking at about thirty percent in taxes that's going to. talk about this now the deal has been reached. out of the. so one of the. more than one hundred. uninsured. would be taking. those. savings or those with. money in the bank so they will take taking a big. loss. protesting here. because some of the toxic assets also let's remember that there are still capital controls in place which. move around this is really creating a credit crunch a cash crunch everybody trying to hold on to. one hundred euros. right now and also. a lot of details still coming in. and one. point two billion euros. and that's what i wanted five point eight billion euros so they may still impose raises on taxes on the citizens in order to make up for that difference is that they still lack. still at least a billion sure the possibility of raising taxes on this is people's savings accounts are getting pilfered now the banks are saying to people you can only pull out a certain small amount for your banks every day so the people are really in a tough po
euros in the country's two largest banks will be raided they're looking at about thirty percent in taxes that's going to. talk about this now the deal has been reached. out of the. so one of the. more than one hundred. uninsured. would be taking. those. savings or those with. money in the bank so they will take taking a big. loss. protesting here. because some of the toxic assets also let's remember that there are still capital controls in place which. move around this is really creating a...
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browder actually currently under investigation criminal investigation in connection with fraud and tax evasion in fact that was the first reason wife of the magnitsky actually ended up in jail back in two thousand and eight two thousand and nine and therefore that criminal investigation is still continuing and we're we are in for another court session which is scheduled for the second half of march of this year you're not going to live. with us the thank you for that update. cyprus's revisit a revising its bank plans or by easing the burden for those with small deposits but holders of more than a hundred thousand euros would lose almost ten percent of their cash the country's parliament is expected to vote on the package later today the president had moved to dip into people's pockets is to secure a vital cash injection from the e.u. and the i.m.f. plans are triggered a run on the banks and protests in the country more from lucy robson a journalism living in cyprus. there are several parties which are against this this option that is being proposed by the government it isn't guaranteed
browder actually currently under investigation criminal investigation in connection with fraud and tax evasion in fact that was the first reason wife of the magnitsky actually ended up in jail back in two thousand and eight two thousand and nine and therefore that criminal investigation is still continuing and we're we are in for another court session which is scheduled for the second half of march of this year you're not going to live. with us the thank you for that update. cyprus's revisit a...
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Mar 19, 2013
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, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war industry, you'd have hundreds of thousands of people without jobs. reporter: i suppose. or do the opposite which is make marijuana legal and maybe try to tax it. >> shepard: and regulate it. reporter: i think that illegal activity is a constant and what is new is work that is actually legal, it's just not -- off the books and the income is not being reported. >> shepard: changing world. >> it is. >> shepard: this dire situation in syria got more complicated, at least for today. coming up more on the reported use of chemical weapons. now,
, local taxes, or federal taxes. california says they miss about $6.5 billion a year in tax revenue because of the underground economy. you multiply that out, that's a lot of money. adds up to more than they sequester. >> shepard: a large part of that is the failed drug war. but the drug war -- the reason it existed now, frankly, is that there's such an enormous economy around the failed drug war, that all the people who work in this failed industry, if you closed the failed drug war...
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edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention center. and barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policy it's. very good even if you just joined us is kevin over here live the r.t. new center tonight our top story the scenes overleaf and celebration greeted the cypriot parliament's rejection of that tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a tenth of the savings had been condemned by officials in the public alike but the country of course now finds itself on th
edge of bankruptcy after because see it rejects a european and that often spiked by an unprecedented tax on savers to put the latest. like a bull in a china shop but so russian president dmitri medvedev destroyed the bailout tax i think that the plan was nothing less than the soviet expropriation of property. russia the e.u. and human rights officials sound the alarm over the treatment of prisoners in guantanamo bay u.s. military officials try to downplay a mass hunger strike in the detention...
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the vent here angry crowds you're seeing ringing the cypriot parliament demanding the rejection of a tax that would see savers bailing out banks that levy could see people lose up to ten percent of their life savings or for cyprus to qualify for these pictures being broadcast live from the parliament now by artie's roughly video news agency or that streaming online to. express his concern over the ongoing hunger strike in guantanamo bay despite authorities efforts to play down the protests we've got the latest there this hour. busy news night a series of bomb attacks through baghdad killing dozens and injuring hundreds as iraq struggles to get back on its feet on the tenth anniversary of the u.s. led invasion. good evening this is our kevin oh it's good to have you company our top story a rocket attack on a town outside aleppo in syria's north has left dozens dead including sixteen government soldiers details about what actually happened on the ground within but there are reports that chemical weapons could have been used both the syrian government and the opposition are accusing each ot
the vent here angry crowds you're seeing ringing the cypriot parliament demanding the rejection of a tax that would see savers bailing out banks that levy could see people lose up to ten percent of their life savings or for cyprus to qualify for these pictures being broadcast live from the parliament now by artie's roughly video news agency or that streaming online to. express his concern over the ongoing hunger strike in guantanamo bay despite authorities efforts to play down the protests...
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from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights officials sound the alarm over the treatment of prisoners at guantanamo bay is u.s. military officials trying to downplay a mass hunger strike at the detention center. good evening you've just joined us kevin live at the hour to new center tonight our top story the scenes of relief and indeed celebration greeted the cypriot parliament's rejection of attacks on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings are being condemned by officials in the public alike but the country now finds itself of course on the br
from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights...
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Mar 19, 2013
03/13
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." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next
." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means...
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so quite an anodyne tax thread that sounds like it could be in some serious need of updating actually it refers to us president obama's continuing commitment to closing down the prison now the closure of guantanamo bay was actually one of us president obama's main campaign promises back in the two thousand and eight presidential election it's something he's spoken about a lot it's a promise he's made repeatedly yet half a decade later and nothing has happened in fact the only shutting down that's taken place recently is the closure of the government office that's charged with transferring the detainees and closing down the prison so just to recap in case that sounds in any way peculiar they've closed down the office that's meant to close down guantanamo bay and the british foreign office supports this continuing commitment to shutting down the facility. has been. at guantanamo bay for over seventy years now and quite astonishingly this is a man who's never been charged with any wrongdoing he's never been put on trial he's been cleared for release twice yet he's still there the british
so quite an anodyne tax thread that sounds like it could be in some serious need of updating actually it refers to us president obama's continuing commitment to closing down the prison now the closure of guantanamo bay was actually one of us president obama's main campaign promises back in the two thousand and eight presidential election it's something he's spoken about a lot it's a promise he's made repeatedly yet half a decade later and nothing has happened in fact the only shutting down...
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solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to stealing money from people's bank accounts and the message that sends to people who got savings in banks in most countries certainly if i was there is get your money out while you can do not invest anywhere in the euro zone you've got to be mad to do so because it's now run by people who don't respect democracy who don't respect the rule of law who don't respect the basic principles upon which western civilization is supposed to be based by our propping up a euro zone which in the end is going to collapse in disastrous failure are they are prepared to do anything to do so i think that this decision thi
solve the financial crisis of cyprus it is really a big question here so the controversial deposit tax has been rejected by cyprus but has crossed the red line in proposing the idea that is the view of nigel ferrars a u.k. independence party things brussels has sent a strong signal to the people of europe. even in my diaries predictions in this parliament over the years about the way the e.u. bosses were behaving never did i think they would in a completely unprecedented manner resort to...
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as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site bid finance minister has been in the russian capital the entire day he's met with his russian counterpart and would be the first the deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that you are satisfied with the negotiations but no official offer has been made so far although he himself said h
as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very...
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cypress says revising its deposit tax plans with the burden easing for those was smaller bank accounts but holders of more than one hundred thousand euros will lose almost ten percent of their cash the country's parliament is expected to vote on the package later today the president did move to dip into people's pockets is to secure a vital cash injection from the e.u. and the i.m.f. the plans are triggered a run on banks and protests in the country let's get some insight from lucy robinson a british journalist that living in cyprus lucy just how powerless do people feel over their own money right now especially those with megace tapings. which well i think that the initial shock and outrage has subsided a bit since saturday when the announcement was first made right now people are really just waiting to see what the announcement is there's a feeling of expectancy people want to know what the decision is going to be about any bank levy in cyprus but yes there has been a lot of anger and have. been people saying that they want to remove their cash from cyprus as soon as they can of cour
cypress says revising its deposit tax plans with the burden easing for those was smaller bank accounts but holders of more than one hundred thousand euros will lose almost ten percent of their cash the country's parliament is expected to vote on the package later today the president did move to dip into people's pockets is to secure a vital cash injection from the e.u. and the i.m.f. the plans are triggered a run on banks and protests in the country let's get some insight from lucy robinson a...
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well in the tax haven cyprus secures a last ditch ballo with the e.u. but it will inflict a big haircut for high level depositors and closed one of the country's largest banks. british police rule out a third party involved in the death of russian oligarch and from one critic of boris berezovsky. resignation rejected the syrian national coalition pushes its leader to stay in the post after he announced he was quitting because of a lack of international support for the rebels. just one time a most prisoners refusing food for forty eight days now but officials played down a protest that's off the radar in the americas key media. it's eight am in moscow i met très a very good having you with us today here on our t.v. our top story there were fraud talks that went down to the wire with cyprus managing to clinch an eleventh hour bailout deal with his creditors to avoid a financial ruin there is a price to pay though people with more than one hundred thousand euros in the country's second biggest bank will see a chunk of that taken away and the bank itself w
well in the tax haven cyprus secures a last ditch ballo with the e.u. but it will inflict a big haircut for high level depositors and closed one of the country's largest banks. british police rule out a third party involved in the death of russian oligarch and from one critic of boris berezovsky. resignation rejected the syrian national coalition pushes its leader to stay in the post after he announced he was quitting because of a lack of international support for the rebels. just one time a...
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Mar 25, 2013
03/13
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government closed all the banks for more than a week, tried to impose a huge tax on large deposits and restricted how much cash you could withdraw from an atm. that's exactly what's going on tonight in cyprus. a member of the eurozone as it tries to raise enough money to qualify for a big bail-out from european lenders. cnbc's michelle caruso-cabrera has the latest tonight from cyprus. >> reporter: lester, all the banks on cyprus closed for nine days now. only the atms are working and just today they announced withdrawals would be limited to only 100 euros. but many of the machines don't have any money anyway. long lines all week at the atms of cyprus' weakest bank. customers desperate to get as much cash as possible in case the bank collapses. at supermarkets, families stocking up. fearing shelves will soon be empty with all the banks closed, businesses can't pay for supplies and restock. buying so much, olga brought her two teenage sons to help. >> well, we are concerned that there will be shortages of food. so it is definitely we want to make sure. i have a family, i have to feed my
government closed all the banks for more than a week, tried to impose a huge tax on large deposits and restricted how much cash you could withdraw from an atm. that's exactly what's going on tonight in cyprus. a member of the eurozone as it tries to raise enough money to qualify for a big bail-out from european lenders. cnbc's michelle caruso-cabrera has the latest tonight from cyprus. >> reporter: lester, all the banks on cyprus closed for nine days now. only the atms are working and...
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right now since it's just rejected the bailout plan by brussels and the troika off key investors to tax private bank accounts in cyprus and frankly there are that many places to turn to right now for assistance from the cypriot finance minister is in moscow he's met with his russian counterpart and he said that he's satisfied with the negotiations but at the same time added that no official offer has been made so far although the minister is now planning to meet with russia's first deputy prime minister and said that he's not leaving moscow until an agreement is reached there is speculation that cyprus is going to ask russia for a loan but we do know that the country already holds a moscow two and a half a billion euros this is for another loan which was given to the country back in two thousand and eleven back then it exceeded ten percent of its g.d.p. and helped its economy stay afloat but the big question now is is cyprus going for broke is it going to ask a russia for a complete bailout package but the big picture is angle and merkel is completely furious with cyprus even talking to
right now since it's just rejected the bailout plan by brussels and the troika off key investors to tax private bank accounts in cyprus and frankly there are that many places to turn to right now for assistance from the cypriot finance minister is in moscow he's met with his russian counterpart and he said that he's satisfied with the negotiations but at the same time added that no official offer has been made so far although the minister is now planning to meet with russia's first deputy prime...
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Mar 21, 2013
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i think the tax issue has been resolved. at this point i do not know how we go forward, but i would suggest that out of this budget crisis might be this best opportunity. [indiscernible] there might be some there, but i will not risk the full faith and credit of the government. >> have you had conversations with the senate on the budget conference and talks between -- and you expect that to start when you get back? >> you will have to talk to chairman ryan about that. >> would you have any bottom line for that conversation? brian as he goes into -- ryan that as he goes into the conference he will hold a line on taxes? blem ve a spending pro that has to be addressed. the american people know we have a spending problem, and we have to attack that by cutting spending. the federal government will bring in more revenue in than any year in our history, and yet we will still have a trillion- dollar budget deficit. does not anybody realize there is a problem here? >> i understand you met with some of your senators and members on the
i think the tax issue has been resolved. at this point i do not know how we go forward, but i would suggest that out of this budget crisis might be this best opportunity. [indiscernible] there might be some there, but i will not risk the full faith and credit of the government. >> have you had conversations with the senate on the budget conference and talks between -- and you expect that to start when you get back? >> you will have to talk to chairman ryan about that. >> would...
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Mar 25, 2013
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did you know $385,000 of your tax dollars are studying ducks' anatomy? to study the private parts of ducks. this is part of president obama stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none succeeded. >> government is largeer than it ever has been. the debt is growing at record rate. >> adjusted for inflation. government spending went up from $882 billion spent every year in 1980s to $1.48 trillion in the 1990s. $2.24 trillion a year and the first decade of the 21st century. mast ited that government will have spent almost as much in the first four years as a new decade as in the 1990s. >> in the past there bar crisis like world war ii or the korean war, nondefense spending was cut by 20 to 30%. >> that didn't happen after 9/11 or after the financial crisis. >> nothing
did you know $385,000 of your tax dollars are studying ducks' anatomy? to study the private parts of ducks. this is part of president obama stimulus plan and just one example of the kind of spending decisions that add up to massive debt and deficit. tonight, there is a week-long series on what to cut. >> government is not the solution to the problem. government the problem. >> rare of big government is over. >> every president called to streamline federal bureaucracy but none...
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Mar 19, 2013
03/13
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this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and it could really set off a chain reaction across the eurozone. that said, it would be unlikely that the eurozone would let them drop out or a bailout that pales in comparison to the rest, but there will have to be a radical the calculus -- the calculation to try to stabilize the entire single currency -- a radical recalculation to try to stabilize the entire single currency. >> thank you. if you thought the euro crisis was over, it may be time to think again. let's go to syria where there is a confused picture over a potentially dangerous development tonight. the syrian government and rebels are accusing each other of launching a deadly chemical attack near the northern city of aleppo. state news claims that 25 people were killed by a rocket containing poisonous gases. the rebels denied the allegation. they are blaming the assad regime. russia supports the government's claim. the un
this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and it could really set off a chain reaction across the eurozone. that said, it would be unlikely that the eurozone would let them drop out or a bailout that pales in comparison to the rest, but there will have to be a radical the calculus -- the calculation to try to stabilize the entire single...
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life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policies. and an iraqi terrorist group with links to al qaeda claims responsibility for bombings that killed dozens in baghdad further unsettle the country ten years on from the u.s. led invasion. all over again even she if you're just joining us my name is kevin and this is art international live from moscow our top story that you just heard scenes of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a t
life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to...
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all use a little good for the deductible need to rattle around whatever change we have left of our tax dollars tonight let's talk about that by following me on twitter at the red. from the initial ground invasion to a more covert war fought by unmanned aircraft the face of war has evolved over the decade art to correspondent margaret howell takes a look now at how the war tactics have changed since iraq. since the iraq invasion u.s. military tactics have switched from boots on the ground to robots in the air the cia and pentagon first drone strike occurred in yemen in two thousand and two and since then we've ratcheted up our drone activity under this administration the pentagon spending of unmanned aircraft has jumped from two hundred eighty four million in two thousand to nearly four billion last year the number of drones owned by the pentagon rocketed from less than two hundred in two thousand to seventy five hundred males while the bulk of these drones are small shoulder launched ravens heavily armed predators and reapers are also used to having accumulated one million balls in the
all use a little good for the deductible need to rattle around whatever change we have left of our tax dollars tonight let's talk about that by following me on twitter at the red. from the initial ground invasion to a more covert war fought by unmanned aircraft the face of war has evolved over the decade art to correspondent margaret howell takes a look now at how the war tactics have changed since iraq. since the iraq invasion u.s. military tactics have switched from boots on the ground to...
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this hour cyprus rejects a saver's tax demanded by the e.u. as a precondition to a bailout crowd surrounded the parliament building as m.p.'s voted with many cypriots enraged at potentially having to. part with a substantial amount of the savings of ten percent to go towards supporting the country's banks smaller much just ahead. also chemical weapons have reportedly been used in a rocket attack that killed twenty six people in northern syria with both the opposition and the government blaming each other for the itself. the un expresses concern over the ongoing hunger striking when talum obeyed despite authorities efforts to play down the protests. and the series of bomb attacks tear through baghdad killing dozens and injuring hundreds as a rock struggles to get back on its think on the tenth anniversary of the u.s. led invasion. life rotty h.q. in moscow eleven pm it's kevin owen here the breaking news that we've been bringing you in the last hour the cypriot parliament in the last hour has rejected that savers tax to payroll banks demanded b
this hour cyprus rejects a saver's tax demanded by the e.u. as a precondition to a bailout crowd surrounded the parliament building as m.p.'s voted with many cypriots enraged at potentially having to. part with a substantial amount of the savings of ten percent to go towards supporting the country's banks smaller much just ahead. also chemical weapons have reportedly been used in a rocket attack that killed twenty six people in northern syria with both the opposition and the government blaming...
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well in the tax haven in cypress securing alachua last ditch bail out with the e.u. but it'll inflict a big haircut for high level depositors and close one of the country's biggest banks. british police who allow third party involvement in the death of russian oligarch and kremlin critic boris berezovsky. resignation rejected the syrian national coalition pushes its leader to stay in the post and made wider fears that trouble at the top will derail chances of talks with the government was . no. i had no idea that. i did not. strike in guantanamo off the radar of the us media prisoners refusing food for forty eight days risking their health in a desperate protest. nine am in moscow i met très a good having you with us here on r t our top story there were fraught talks that went down to the wire but cyprus has managed to clinch an eleventh hour ballo deal with his creditors to avoid financial ruin there is a price to pay though people with more than one hundred thousand euros in the country's second largest bank will see a chunk of that taken away the bank itself will
well in the tax haven in cypress securing alachua last ditch bail out with the e.u. but it'll inflict a big haircut for high level depositors and close one of the country's biggest banks. british police who allow third party involvement in the death of russian oligarch and kremlin critic boris berezovsky. resignation rejected the syrian national coalition pushes its leader to stay in the post and made wider fears that trouble at the top will derail chances of talks with the government was . no....
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well in that tax haven cyprus securing a last ditch ballo with the e.u. but it will inflict a big haircut for high level depositors and close one of the country's largest banks. british police ruling out third party involvement in the death of russian oligarch and kremlin critic boris berezovsky. resignation rejected syria's national coalition pushes its leader to stay in his post amid wider speech fears trouble at the top will derail any chance of talks with the government. you know. i had no idea that. i did not. strike in guantanamo off the radar of the u.s. mainstream press prisoners have been refusing food for forty eight days now risking their health in a desperate protest. one pm in moscow why matras a good having you with us here on r t our top story is in cyprus where fraud talks went down to the wire but cyprus managing to clinch an eleventh hour belo deal with its creditors to avoid financial ruin there's a price to pay those people with more than one hundred thousand euros in the country's second biggest bank will see a ton a chunk of that tak
well in that tax haven cyprus securing a last ditch ballo with the e.u. but it will inflict a big haircut for high level depositors and close one of the country's largest banks. british police ruling out third party involvement in the death of russian oligarch and kremlin critic boris berezovsky. resignation rejected syria's national coalition pushes its leader to stay in his post amid wider speech fears trouble at the top will derail any chance of talks with the government. you know. i had no...
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turned into a celebratory mood they were happy that the parliament had not passed this bill imposing a tax on their deposits as far as what goes on the street at the moment it's rather the initial panic really happened over the weekend when that announcement was made from brussels that they will be tax of people were lining up. try to get the money out and yesterday i was talking to some locals who were trying to get some money off the a.t.m. some had run out of cash and this morning when i actually tried to. water they had given me a handful of change and apologizing that they have run out of five euros and ten euro notes because the banks were close so the banks will remain closed today and tomorrow and this will pose a problem in terms of cash flow for the locals the u.k. government as we know it already sets about one million euros in cash to their troops who are here in cyprus just to keep the cash go away now on the bigger level of economic a level if the banks do remain closed this will pose a problem an economy does hit a substantially on the banking sector and there's already been
turned into a celebratory mood they were happy that the parliament had not passed this bill imposing a tax on their deposits as far as what goes on the street at the moment it's rather the initial panic really happened over the weekend when that announcement was made from brussels that they will be tax of people were lining up. try to get the money out and yesterday i was talking to some locals who were trying to get some money off the a.t.m. some had run out of cash and this morning when i...
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piper's and the along with international lenders agreed to a controversial tongue tax on bank deposits which could see some customers lose up to twenty percent of their savings. exiled russian tycoon and outspoken critic boris berezovsky our died in london aged sixty seven with some reports say he committed suicide. than damascus at times the funeral of a prominent sunni preacher killed in a suicide. more than a state that also claimed the lives of forty eight others. international news and comment live from moscow this is all she was me thanks for joining us. for us to cyprus on international lenders have managed to strike a long awaited agreement on taxing bank deposits of over one hundred thousand euros held with the country's biggest bank customers who keep large sums of money in other banks will also be forced to sacrifice part of their savings to the country's ailing economy. the latest details. what we have now is we agree with forty one percent tox who are the positive above one hundred thousand euros in the bag of cyprus that's the country's biggest lender and four percent on
piper's and the along with international lenders agreed to a controversial tongue tax on bank deposits which could see some customers lose up to twenty percent of their savings. exiled russian tycoon and outspoken critic boris berezovsky our died in london aged sixty seven with some reports say he committed suicide. than damascus at times the funeral of a prominent sunni preacher killed in a suicide. more than a state that also claimed the lives of forty eight others. international news and...
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cyprus bailout plan proposed by brussels and the so-called troika of key investors which is aimed at taxing private bank accounts in the country on wednesday evening prime minister dmitry media had some more strong words to see but so far the e.u. together with the cyprus parliament have unfortunately acted like a bull in a china shop i think all possible mistakes which could have been made in this situation have been made in fact the prime minister said that russia may have to start revising some of the economic agreements that it currently has with cyprus you also compare the situation with how the sort of it union or soviet authorities dealt with private funds of soviet citizens meaning the expropriation of private property of course and in general you could we did have said that russia is only in favor of a healthy. economy a transparent one and one which is effective and which is that which works but he said that this crisis has to be dealt with where the involvement not only of brussels and the troika but with all the players the fact that including russia of course in the meantime cy
cyprus bailout plan proposed by brussels and the so-called troika of key investors which is aimed at taxing private bank accounts in the country on wednesday evening prime minister dmitry media had some more strong words to see but so far the e.u. together with the cyprus parliament have unfortunately acted like a bull in a china shop i think all possible mistakes which could have been made in this situation have been made in fact the prime minister said that russia may have to start revising...
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bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on the pauses now ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really at the e.u. . and specifically of germany they feel the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one bad news after another the latest the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an i.m.f. program in place this means that there really is a problem on the ground cypriots going to early in the morning trying to get as much cash as they could as some have told me that the limit on their cars the amount that they can take for the change has been lowered they've also been speaking to some shopkeepe
bailout package cyprus will have to cough up about five point eight billion in the suggestion to impose a tax on the pauses now ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really at the e.u. . and specifically of germany they feel the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. well the...
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they lose tax revenues. they are mandated legally to run a balanced budget so at the time same time consumers and red soxes pull back the government is. in washington, starting in 2011, with the negotiations between the house republicans and the white houses, the house republicans have insisted on big cuts and have won big cuts and that's why we have austerity and will have more this year. >> rose: if the fed wanted to reduce unemployment from seven to whatever it is-- seven. could they do that? do they have the tools to do that? >> no. i don't think so. they're down to incremental policies. i think they know that. ben bernanke and janet yellen, and otheres, are constantly arguing-- correct, i think-- but they tend to put the best face on it as they can, we still have effective policy instruments, we can still give the economy a boost. but you're talking in the desmalplace of the growth rate. there is nothing left in the fed's arsenal, i don't think that could as a half a point to the growth rate. that's not
they lose tax revenues. they are mandated legally to run a balanced budget so at the time same time consumers and red soxes pull back the government is. in washington, starting in 2011, with the negotiations between the house republicans and the white houses, the house republicans have insisted on big cuts and have won big cuts and that's why we have austerity and will have more this year. >> rose: if the fed wanted to reduce unemployment from seven to whatever it is-- seven. could they...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. anncr: and many of the tornado's victims are... without homes tonight. girl: first, i saw it on cable. then i read about it online. i found out how to help. i downloaded the info. i spoke up... and told my friends... and they told their friends... and together, we made a difference. anncr: and tornado relief has been pouring in from... across the country. girl: we might be hundreds of miles apart... but because we're connected, it's like we're all neighbors. if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk factors
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. anncr: and many of the tornado's victims are... without homes tonight. girl: first, i saw it on cable. then i read about it online. i found out how to help. i downloaded the info....
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Mar 24, 2013
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in a state like the united states, the population pays taxes and the government is accountable and that system is not there in iraq. whoever oversees oil seizes power. that is a major factor in conditioning the mentality of the group that rules. they put their hand on that and they will not let that go. coming back to the sunnis, i remember growing up in a country where the sectarian divisions were not really relevant. we did not who was sunni or shia. a sectarian policies of regime and the oppression he imposed on the shia, this sense of being persecuted was strong amongst the snia. the opportunity came, there was a segment, the islamists, who were thinking now, we have got it, we will never let it go. it will be a shia government. that put the sunnis a difficult position, and in the early days they brokered the political process. that did not work. they then joined in it. that is not working. now they are caught in a difficult position. they do not want to go to the extreme where al qaeda is because they get themselves where victims of al qaeda. at the same time, they are being margin
in a state like the united states, the population pays taxes and the government is accountable and that system is not there in iraq. whoever oversees oil seizes power. that is a major factor in conditioning the mentality of the group that rules. they put their hand on that and they will not let that go. coming back to the sunnis, i remember growing up in a country where the sectarian divisions were not really relevant. we did not who was sunni or shia. a sectarian policies of regime and the...
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cut cyprus off from emergency funds that off the island nation rejected that unprecedented brussels tax on bank deposits go live to test for said issues in parliament notice either angry crowds behind you there or just listing it before we went live now making a lot of noise they are that angry describe the sea. well yes emotions are really running high i saw several people who were hysterical the police were having some bottles of water to them because they really really were very angry at the chanting that they are saying they're saying to leave the bank alone and that's one of the two biggest bags of cyprus that is in trouble at the center of this whole financial crisis here in cyprus and they are staff members and family members of the bank staff and there are afraid that the government may decide to close down the back altogether or resort to job cuts. different figures coming out but for now they're just worried about the possibility of being there telling the government do not at all do this already cyprus is seeing a huge liquidity crunch a cash problems cash flow problems here
cut cyprus off from emergency funds that off the island nation rejected that unprecedented brussels tax on bank deposits go live to test for said issues in parliament notice either angry crowds behind you there or just listing it before we went live now making a lot of noise they are that angry describe the sea. well yes emotions are really running high i saw several people who were hysterical the police were having some bottles of water to them because they really really were very angry at the...
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mandas believes the controversial tax won't stop the rot in cyprus and will have ramifications across southern europe. they claim that this is a unique situation to science but of course it isn't unique at all this is a problem that we see all throughout the eurozone and as a matter of fact it's much more fundamental than that it's a fundamental flaw in our banking system a bet the banks can create money out of thin air that aren't backed by anything and that's great bubbles and central banks can go on forever with that and with inflating new currency it's a fundamental flaw in a banking system and this is just a quick fix this is we keep kicking the can down the road it's not a fundamental solution until the solution as it is is implemented we're going to see a lot more of these so-called one hour solutions if it can happen in cyprus can happen in greece in the greece's problems are no smaller than an cyprus problem there are there are bigger. if you can happen in greece it can happen in portugal and it can happen in ritual it can happen in spain and italy and so what is quite likely
mandas believes the controversial tax won't stop the rot in cyprus and will have ramifications across southern europe. they claim that this is a unique situation to science but of course it isn't unique at all this is a problem that we see all throughout the eurozone and as a matter of fact it's much more fundamental than that it's a fundamental flaw in our banking system a bet the banks can create money out of thin air that aren't backed by anything and that's great bubbles and central banks...
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-- networks to undertake a tax. -- attacks. we have done a number of things in conjunction with the secret service, nsa, because many cyber attacks originate from overseas. those have been successful. the one point i would make is that we tend to think and discuss in the beltway about protecting our networks from attacks, forgetting that behind every keyboard is an individual. aserrents is more -- is important as everything else. yes, you have to protect your databases, but those persons that are trying to get in have to go to jail. people have to understand that there is a price to be paid for breaking the law when it comes to cyber intrusions. that is something we are focused on, identifying the persons behind those keyboards, and making certain that if they undertake a tax, they will not undertake another in the future. >> i will yield back. >> would it make sense to double or increase the penalty for people involved in a cyber attacks? >> i think we ought to look at the penalty structure, yes. >> could you get back to us? w
-- networks to undertake a tax. -- attacks. we have done a number of things in conjunction with the secret service, nsa, because many cyber attacks originate from overseas. those have been successful. the one point i would make is that we tend to think and discuss in the beltway about protecting our networks from attacks, forgetting that behind every keyboard is an individual. aserrents is more -- is important as everything else. yes, you have to protect your databases, but those persons that...
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but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxation track businesses. this is cruel to give something out to encourage small business and take it back. that is extreme. >> bret: not sigh press but it's extreme. >> we have to revise doomsday pronouncement. we have been saying that america is headed the way of greece. i would say it's headed the way of cyprus. if you start to confiscation people's money retroactively you have a problem on your hands. if you put it to the vote for people at stake, you get a result today in the parliament that nobody, not a member of the parliament supported the agreement to government itself proposed. the government party, not one of them voted yes. it obtained on a proposal it agreed to. >> bret: the state says affected taxpayers can request a waiver and hope they can struck a deal. we will follow this one. that is it for the panel. stay tuned to see the winner
but high taxes is bad for business so the low-tax state like texas draw in businesses with lower unemployment rate. >> this is why people leave california. state budgets are broke and they are trying to raise taxes and the states with the lowest taxation track businesses. this is cruel to give something out to encourage small business and take it back. that is extreme. >> bret: not sigh press but it's extreme. >> we have to revise doomsday pronouncement. we have been saying...
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especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. amendment to force the president to reinstate white house tours fail today. mixed message
especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently....
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stand up against intervention and aggression mosco and beijing are seen really impacts of nato back to tax and they don't want the instability that washington seeks in the middle east beijing and moscow want to do business china is booming and russia is right next door the potential for gas deals and pipelines are vast russia also sees china as a way to diversify its economy like helping tap untouched water sources in the east and investing in the west military cooperation is also on the table but it's the inevitable i think result of the type of us that asian pacific pivot that is is threatening china on one side and the nato increasing military encirclement of russia on the other side the more the u.s. pushes its agenda in certain parts of the world the closer they push russia and china together that opens the door for growth and enormous economic ramifications than they may be divergent but experts now see they are much more than an acronym coined by our guy goldman sachs they all agree on the fundamentals we want a multiple of world we want to have more say or never seem to have those
stand up against intervention and aggression mosco and beijing are seen really impacts of nato back to tax and they don't want the instability that washington seeks in the middle east beijing and moscow want to do business china is booming and russia is right next door the potential for gas deals and pipelines are vast russia also sees china as a way to diversify its economy like helping tap untouched water sources in the east and investing in the west military cooperation is also on the table...